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Pagcor asked to remit P5.8B in unpaid dividends to gov’t coffers

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Pagcor chairman and  chief executive officer Cristino Naguiat  INQUIRER file photo

The Philippine Amusement and Gaming Corp. has been asked by the Department of Finance to remit to state coffers P5.8 billion worth of unpaid dividends during the term of President Gloria Macapagal-Arroyo.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Gaming woes

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This show-biz personality—who’s no longer active these days—recently became the talk of the town, or at least the moneyed circle. This is because of his assets now being hawked out to high networth individuals. One yacht had been sold and another is up for grabs, according to the grapevine. One can only guess how many fancy cars and real estate assets this guy will add to the secondary market.

Posted: February 12th, 2014 in Headlines | Read More »

Casinos eyed for Mandaue reclamation

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The winning bidder of the P9-billion reclamation and development project in Mandaue City, Cebu is studying a plan to build casinos within the 131-hectare complex, similar to what is being done at the Entertainment City gaming hub along the Manila Bay shoreline.

Posted: October 15th, 2013 in Headlines | Read More »

Okada group vows to pursue $2B entertainment hub in Manila

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Kazuo-Okada

The group of Japanese tycoon Kazuo Okada has affirmed commitment to a $2-billion entertainment hub being developed in the Philippines, adding that it’s finalizing negotiations with a prospective local partner alongside efforts to deal with local land ownership restrictions.

Posted: July 16th, 2013 in Latest Business Stories | Read More »

Gokongwei, Okada groups fail to clinch deal on Manila Bay Resorts project

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Kazuo Okada (left) AP file photo and John Gokongwei (photo by Nelson Matawaran): Scrapped casino talks

The groups of tycoon John Gokongwei and Japanese pachinko mogul Kazuo Okada have aborted discussions on a partnership for the latter’s Manila Bay Resorts, an integrated entertainment and resort project in Manila’s future gaming hub Entertainment City.

Posted: May 30th, 2013 in Editor's Pick,Featured Gallery,Headlines | Read More »

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